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Transportadora de Gas del Sur S.A.(TGS)
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TGS Successfully Commenced an Active North Europe Summer Season
GlobeNewswire· 2025-05-09 05:15
Oslo, Norway (May 9 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce a significant increase in acquisition activity in Northern Europe this summer. TGS has deployed a total of four acquisition vessels in the region; three seismic vessels and one offshore wind vessel, doubling the Company’s capacity compared to 2024. All the three seismic streamer vessels have successfully mobilized, according to plan, and are currently engaged in production on 4D seismic contracts. The ...
TGS announces Q1 2025 results
GlobeNewswire· 2025-05-09 05:00
OSLO, Norway (9 May 2025) - TGS today reports interim financial results for Q1 2025. Financial highlights: Strong multi-client performance driven by high interest for data in frontier areasMulti-client investment of USD 130 million supported by solid pre-commitments from clientsSignificant year-over-year improvement in asset utilization secured solid contract revenuesOrder inflow of USD 302 million during Q1 2025 – total order backlog of USD 600 millionStrong cash flow reducing net debt to USD 453 million ...
TGS ASA - 2025 Annual General Meeting Held
GlobeNewswire· 2025-05-08 16:30
OSLO, NORWAY (8 May 2025) - The Annual General Meeting of TGS ASA was held on 8 May 2025. All resolutions proposed were approved by the shareholders. The minutes from the Annual General Meeting are available on www.tgs.com. For more information, visit TGS.com (http://www.tgs.com), email generalmeeting@tgs.com, or contact: Bård Stenberg VP IR & CommunicationTel: +47 992 45 235E-mail: investor@tgs.com About TGSTGS provides advanced data and intelligence to companies active in the energy sector. With leading ...
TGS VESTING UNDER THE 2022 LONG-TERM INCENTIVE PLAN
GlobeNewswire· 2025-05-08 05:00
Oslo, Norway (08 May 2025) – TGS granted the third tranche of Performance Stock Units (PSUs) under the Magseis 2022 Long-term Incentive Plan previously adopted and authorized by the Board of Directors of TGS ASA in 2023. In accordance with the terms of this Plan, the third tranche of PSUs vested on 1 April 2025, resulting in a total of 51 PSU holders having the right to request the issuance of TGS shares. The company previously determined that the final payout on the PSUs is 58.3% based on achievement of p ...
TGS Awarded 4D Streamer Contract
GlobeNewswire· 2025-05-07 05:00
OSLO, Norway (7 May 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a 4D streamer contract in the East Mediterranean. Acquisition is scheduled to commence in Q2 this year and the contract has a duration of approximately 90 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this 4D streamer contract. By leveraging the Ramform acquisition platform, coupled with our proprietary GeoStreamer technology we are well equipped to delive ...
TGS Files 2024 Annual Report on Form 20-F
Prnewswire· 2025-04-24 21:05
BUENOS AIRES, Argentina, April 24, 2025 /PRNewswire/ -- Transportadora de Gas del Sur S.A. ("tgs" or "the Company") (NYSE: TGS, MERVAL: TGSU2) announced that today it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 (the "2024 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2024 Annual Report can be accessed by visiting the Company's website at www.tgs.com.ar as well as on the SEC's website at www.sec.gov. In addition, shareholders may receiv ...
Transportadora de Gas del Sur S.A.(TGS) - 2024 Q4 - Annual Report
2025-04-24 20:48
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR (G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...
TGS Webcast Details for Q1 2025 Presentation
GlobeNewswire· 2025-04-23 14:30
Oslo, Norway (23 April 2025) - TGS, a leading global provider of energy data and intelligence will release its Q1 2025 results at approximately 07:00 a.m. CEST on 9 May 2025. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 a.m. CEST at House of Oslo, Ruseløkkveien 34 in Oslo, Norway. The presentation is open to the public and will be webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use ...
Transportadora De Gas Ord B (TGS) Moves 10.2% Higher: Will This Strength Last?
ZACKS· 2025-04-10 16:35
Transportadora De Gas Sa Ord B (TGS) shares rallied 10.2% in the last trading session to close at $23.96. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 10.4% loss over the past four weeks.Transportadora De Gas Ord B’s shares rallied on the last trading day. The bullishness could be attributed to the partnership’s business model designed to earn stable fee-based revenues from key midstream assets that are be ...
TGS Q1 2025 Operational Update
GlobeNewswire· 2025-04-08 05:00
Core Insights - TGS ASA reported a significant year-on-year improvement in asset utilization for Q1 2025, with a normalized Ocean Bottom Node (OBN) crew count increasing from 1.9 in Q1 2024 to 2.8 in Q1 2025 for contract work, and from 0.0 to 0.2 for multi-client work [1] - The allocation of active seismic streamer 3D vessel capacity showed an increase in multi-client capacity from 30% in Q1 2024 to 36% in Q1 2025, indicating a positive trend in multi-client activity [1] - TGS expects a multi-client investment of approximately USD 130 million for Q1 2025, reflecting higher-than-expected investments in new data [1][2] Company Performance - CEO Kristian Johansen highlighted the healthy multi-client activity levels, particularly in frontier areas, and emphasized the company's strong balance sheet and leading assets [2] - The number of vessels decreased from 7 in Q1 2024 to 6 in Q1 2025, with a notable reduction in stacked/standby vessels from 21% to 13% [1] - TGS will release its Q1 2025 results on May 9, 2025, with a live presentation open to the public [2][3]